USD/CNH: Bears push towards 7.2600 – DBS
Source Fxstreet
USD/CNH has also stabilized around 7.26-7.27 ahead of FOMC, DBS FX & credit strategist Chang Wei Liang notes.
USD/CNH to break below 7.26-7.27
“PBOC has maintained its stable RMB policy with CNY fixings being kept near 7.13, even after it eased monetary policy in the last week. The 1Y MLF rate was cut by 20bps last Thursday to 2.30%, following a 10bps LPR cut.”
“China PMI releases tomorrow may give little respite for the RMB as activity looks to stay sluggish. A more durable downshift in USD/CNH will depend on a broad USD reversal, with Fed guidance this week being front and centre.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
April 2026 NFP forecast 62K–70K vs March 178K. Unemployment expected 4.3%. Fed on hold at 3.50–3.75% with Kevin Warsh as new chair. DXY triple-bottom at $97.69. Trade setup inside.The Apr
West Texas Intermediate (WTI) oil price loses ground after registering modest gains in the previous day, trading around $93.70 per barrel during the Asian hours on Friday.
WTI crude oil futures settled at $96.21 per barrel on May 6, plunging 6.3% to close below $100 for the first time in six days, marking the largest single-day decline since March 17. Brent
Bitcoin jumps to three-month high as US–Iran talks unwind oil risk premiumGlobal markets moved sharply on Wednesday as signs of progress in US–Iran negotiations triggered a rapid unwind of war-driven positions, dragging oil prices lower while lifting equities and cryptocurrencies. Bitcoin climbed above $81,000, its highest level in three months, while Brent crude fell roughly 11% to around $98 per barrel. The S&P 500 rose 0.85%...
Global markets moved sharply on Wednesday as signs of progress in US–Iran negotiations triggered a rapid unwind of war-driven positions, dragging oil prices lower while lifting equities and cryptocurrencies. Bitcoin climbed above $81,000, its highest level in three months, while Brent crude fell roughly 11% to around $98 per barrel. The S&P 500 rose 0.85%...
WTI Crude Falls Over 13% Below $90. US and Iran to Reach Truce Memorandum but Crude Supply Difficult to Recover in Short TermBefore the market opened on May 5, international crude oil losses widened, WTI crude oil futures plummeted below $90 at one point, hitting a low of $88.71, the first time since April 21,
Before the market opened on May 5, international crude oil losses widened, WTI crude oil futures plummeted below $90 at one point, hitting a low of $88.71, the first time since April 21,
Related Instrument
